(Closed) OMG homeowners insurance panic attack

posted 7 years ago in Home
Post # 3
Member
7173 posts
Busy Beekeeper

Can you play around with the deductible, coverage, and/or carriers?

That sounds insanely high!

Post # 4
Member
368 posts
Helper bee
  • Wedding: July 2011

That seems high, how big is the house?

Post # 5
Member
2195 posts
Buzzing bee
  • Wedding: June 2011

That does seem super high… i *think* most people pay around/under $100/month? We pay $924/year (or $77/month) and our house is worth around $450,000 … 2700 sq feet.

Can you get another quote? That is not fun! 🙁

Post # 6
Member
5295 posts
Bee Keeper
  • Wedding: January 1993

@ladyfingers:  does it have anything to do with being covered for hurricanes/floods? That comes to mind when I think of FL, but I thought most flood insurance was separate.

Post # 7
Member
3374 posts
Sugar bee
  • Wedding: October 2011

I think that seems about right… my relatives pay more than double that in FL.

Just be glad you don’t have to pay state income tax!

Post # 8
Member
3374 posts
Sugar bee
  • Wedding: October 2011

My grandparents have a 20k deductible for hurricane insurance. Maybe you should up the deductible? The super high deductible stops people from claiming unless there is catastrophic damage.

Post # 10
Member
2025 posts
Buzzing bee
  • Wedding: November 1999

We’re in Florida, as well, but thankfully are situated in the middle of the state. We pay about $2500/year for insurance, but it’s pretty difficult to find anyone to insure houses here to begin with. And they’ve pretty much eliminated sinkhole insurance off off most of the policies, which is scary for us since we’re in such a huge sinkhole area. Hopefully your agent will help you guys find what works best for you. We have a good friend who handles ours, and we feel lucky we have someone we know we can trust. 

Post # 12
Member
662 posts
Busy bee
  • Wedding: April 2012

I’m in Florida too and my insurance is around $2500/year also.

Post # 13
Member
1279 posts
Bumble bee
  • Wedding: January 2012

Wowsers…I thought living in California was bad with the earthquakes……we pay about 1100 a year here….but we don’t have Earthquake insurance it’s way too high….

Post # 14
Member
48 posts
Newbee
  • Wedding: December 2012

I was in Florida for the ’04 hurricanes. One of the most vivid memories I have of that summer/fall was people spray-painting their insurance information on the FEMA tarps covering their roofs in hopes that an assesser would see it and help. It’s a sucky insurance market for sure, but part of me doesn’t blame the companies that pulled out after that mess. 

Post # 15
Member
91 posts
Worker bee
  • Wedding: September 2012

Wow I live in Orlando and pay $978 a year. I would keep shopping around

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